Updated Oct 19, 2026
Bridge Acquisitions Acquires Multifamily Property In Jacksonville For $48.6M
7400 Southwest 57th Avenue, Miami, FL, USA
$48,600,000
$4,168/SF
Building Size
11,660 SF
Asset Type
MultiFamily
Closing
May 7, 2020
About this deal
AI
The multifamily property located at 7400 Powers Ave in Jacksonville has been sold for a total amount of $48,600,000. The property consists of 384 units, resulting in a price per unit of $126,563. The transaction took place on 05/07/2021.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $48,600,000
- Address: 7400 Powers Ave
- Market: Jacksonville
The buyer of the property is Bridge Acquisitions, represented by Steven Klein. The seller is Oro Capital Advisors, represented by Steven M. Firtel and Bradley H. Mindlin. The brokers involved in the deal were Cliff Taylor and Joe Ayers from CBRE.
On the Map
$48,600,000
$4,168/SF
MultiFamily
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Players
South Miami MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.33%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93